Fort Pitt Capital Group LLC Raises Holdings in Dominion Energy Inc. (NYSE:D)

Fort Pitt Capital Group LLC raised its stake in shares of Dominion Energy Inc. (NYSE:D) by 29.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,848 shares of the company’s stock after buying an additional 2,700 shares during the quarter. Fort Pitt Capital Group LLC’s holdings in Dominion Energy were worth $912,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of D. Tradewinds Capital Management LLC lifted its position in Dominion Energy by 0.9% in the 2nd quarter. Tradewinds Capital Management LLC now owns 1,318 shares of the company’s stock worth $101,000 after buying an additional 12 shares during the last quarter. MPS Loria Financial Planners LLC bought a new stake in Dominion Energy in the second quarter valued at approximately $103,000. Tortoise Capital Advisors L.L.C. lifted its position in Dominion Energy by 336.3% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 1,396 shares of the company’s stock valued at $107,000 after purchasing an additional 1,076 shares during the last quarter. Pacad Investment Ltd. bought a new position in shares of Dominion Energy during the second quarter valued at approximately $107,000. Finally, Enterprise Financial Services Corp raised its holdings in shares of Dominion Energy by 5.8% during the second quarter. Enterprise Financial Services Corp now owns 1,456 shares of the company’s stock valued at $112,000 after acquiring an additional 80 shares in the last quarter. 64.45% of the stock is owned by institutional investors and hedge funds.

In other news, Director John W. Harris sold 5,616 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of C$80.71, for a total value of C$453,267.36. Following the completion of the sale, the director now directly owns 18,920 shares in the company, valued at C$1,527,033.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.37% of the stock is owned by corporate insiders.

Shares of Dominion Energy Inc. (NYSE D) traded down C$0.43 during mid-day trading on Friday, hitting C$80.81. The stock had a trading volume of 1,740,000 shares, compared to its average volume of 2,175,689. The firm has a market cap of $52,003.66, a PE ratio of 22.02, a PEG ratio of 3.92 and a beta of 0.29. Dominion Energy Inc. has a fifty-two week low of C$69.51 and a fifty-two week high of C$82.13. The company has a current ratio of 0.47, a quick ratio of 0.29 and a debt-to-equity ratio of 1.67.

Dominion Energy (NYSE:D) last released its quarterly earnings results on Monday, October 30th. The company reported C$1.04 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.02 by C$0.02. Dominion Energy had a return on equity of 13.32% and a net margin of 17.21%. The company had revenue of C$3.18 billion during the quarter, compared to analysts’ expectations of C$3.31 billion. During the same quarter in the prior year, the firm posted $1.14 EPS. Dominion Energy’s quarterly revenue was up 1.5% compared to the same quarter last year. research analysts expect that Dominion Energy Inc. will post 3.61 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Friday, December 1st will be given a $0.77 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This is a positive change from Dominion Energy’s previous quarterly dividend of $0.76. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.81%. Dominion Energy’s dividend payout ratio is 89.09%.

D has been the topic of several recent research reports. Zacks Investment Research raised Dominion Energy from a “hold” rating to a “buy” rating and set a $86.00 price target on the stock in a research note on Tuesday, October 3rd. KeyCorp reissued a “hold” rating on shares of Dominion Energy in a report on Friday, September 1st. Royal Bank Of Canada reissued a “hold” rating and issued a $77.00 target price on shares of Dominion Energy in a report on Monday, August 21st. Deutsche Bank AG raised their price objective on Dominion Energy from $76.00 to $77.00 and gave the stock a “hold” rating in a research note on Thursday, August 3rd. Finally, Gabelli reiterated a “hold” rating on shares of Dominion Energy in a research report on Wednesday, November 1st. Fifteen research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of C$80.70.

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About Dominion Energy

Dominion Energy, Inc, formerly Dominion Resources, Inc, is a producer and transporter of energy. Dominion is focused on its investment in regulated electric generation, transmission and distribution and regulated natural gas transmission and distribution infrastructure. It operates through three segments: Dominion Virginia Power operating segment (DVP), Dominion Generation, Dominion Energy, and Corporate and Other.

Institutional Ownership by Quarter for Dominion Energy (NYSE:D)

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